Common use of OBLIGATION SECURED Clause in Contracts

OBLIGATION SECURED. The Interest shall secure payment of the indebtedness evidenced by that certain Note ("Note") of even date between the Debtors and the Secured Parties, which is issued pursuant to the terms of the Company's Limited Liability Company Agreement.

Appears in 1 contract

Sources: Limited Liability Company Agreement (WPT Enterprises Inc)

OBLIGATION SECURED. The Interest shall secure payment of the indebtedness evidenced by that certain Note ("Note") of even date between the Debtors and the Secured Parties, which is issued pursuant to the terms of the Company's Limited Liability Company Member Control Agreement.

Appears in 1 contract

Sources: Member Control Agreement (Lakes Gaming Inc)